Estimation of property loss and business interruption loss caused by storm surge inundation due to climate change: a case of Typhoon Vera revisit

Xinyu Jiang (), Nobuhito Mori, Hirokazu Tatano, Lijiao Yang and Yoko Shibutani
Additional contact information
Xinyu Jiang: Kyoto University
Nobuhito Mori: Kyoto University
Hirokazu Tatano: Kyoto University
Lijiao Yang: Kyoto University
Yoko Shibutani: Kyoto University

Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, 2016, vol. 84, issue 1, No 4, 35-49

Abstract: Abstract This paper estimates property loss and business interruption loss under scenarios of storm surge inundation to explore the economic impact of climate change on Ise Bay, Japan. Scenarios-based analyses are conducted with respect to Typhoon Vera, which caused the most severe storm surge in the recorded history of Japan in 1959. Four different hazard scenarios are chosen from a series of typhoon storm surge inundation simulations: Typhoon Vera’s landfall with respect to the condition of the past seawall; Typhoon Vera’s landfall with respect to the condition of the current seawall; intensifying Typhoon Vera, but retaining its original tracks; and intensifying Typhoon Vera, but choosing the worst tracks from various possible typhoon tracks. Our economic loss estimation takes advantage of fine geographical scale census and economic census data that enable us to understand the spatial distribution of property loss and business interruption loss as well as identify the most potentially affected areas and business sectors on a sub-city scale. By comparing the property loss and business interruption loss caused by different hazard scenarios, the effect of different seawalls is evaluated and the economic impact of future climate change is estimated. The results indicate that although the current seawall can considerably reduce the scale of losses, climate change can cause Ise Bay to experience more serious storm surge inundation. Moreover, the resulting economic losses would increase significantly owing to a combination of climate change and the worst track scenario. It is, therefore, necessary to consider more countermeasures to adapt to climate change in this area.

Keywords: Climate change; Storm surge inundation; Property loss; Business interruption loss; Typhoon Vera (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1007/s11069-015-2085-z Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:nathaz:v:84:y:2016:i:1:d:10.1007_s11069-015-2085-z

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11069

DOI: 10.1007/s11069-015-2085-z

Access Statistics for this article

Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards is currently edited by Thomas Glade, Tad S. Murty and Vladimír Schenk

More articles in Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards from Springer, International Society for the Prevention and Mitigation of Natural Hazards
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().